MIT REAP
- Company typePrivate
- Founded2012
- HeadquartersCambridge, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
MIT REAP firmographics
Firmographics- Name
- MIT REAP
- Legal name
- MIT Regional Entrepreneurship Acceleration Program (MIT REAP)
- Website
- https://reap.mit.edu
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
MIT REAP industry classification
Industry- Product category
- Entrepreneurship and Economic Development Education
- NAICS
- Business Associations (813910), Civic and Social Organizations (813410), Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (81399)
- SIC
- Services-Management Consulting Services (8742), Services-Membership Organizations (8600)
- akta.pro primary industry
- Technical Universities with Entrepreneurship & Incubation Focus (EDAHAEAH)
- akta.pro secondary industries
- Accelerators & Incubators (Investor-Operated) (FSANAAAM), Business Planning, Pitching & Competitions (Pitch Decks, Demo Days) (EDAMAHAB)
Keywords
Where MIT REAP is headquartered
LocationHeadquarters
- HQ city
- Cambridge
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
MIT REAP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Program Participation Support: MIT REAP operates as an initiative of MIT Sloan School of Management. Regional teams apply and are selected to participate. The program is supported by MIT and engaged with communities around the world through an evidence-based, practical approach. Funding comes from MIT institutional support and supporter engagements.
- Supporter Engagement: MIT REAP accepts financial and community support from companies and foundations. Supporters can engage to help deliver more impact around the world, further research into entrepreneurship and innovation science, and engage more deeply with MIT partners worldwide.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
MIT REAP product offering
Product offeringCore offering
MIT REAP (Regional Entrepreneurship Acceleration Program) is an initiative of MIT Sloan School of Management that runs the Global Program (a two-year cohort-based program admitting up to eight regions annually) and the Focus Program (a customized, bespoke IDE ecosystem acceleration model for a single region). Regional teams composed of leaders from five stakeholder groups (university, government, corporate, risk capital, and entrepreneurs) work with MIT faculty through in-person workshops and virtual sessions to design strategies and implement interventions that strengthen innovation-driven entrepreneurship in their regions.
Product overview
MIT REAP (Regional Entrepreneurship Acceleration Program) is an educational initiative of MIT Sloan School of Management offering two core programs: the Global Program (a two-year cohort-based acceleration program for up to eight regions annually) and the Focus Program (a bespoke, local-focused acceleration model for single regions). The program is grounded in the MIT REAP Framework, which employs a five-stakeholder model (university, government, corporate, risk capital, entrepreneurs) to strengthen innovation-driven entrepreneurial ecosystems. MIT REAP also offers the iECO4REAL (15.364) student course and maintains a Global Network connecting alumni across regions. The initiative provides frameworks, workshops, mentorship, and strategic guidance rather than a software product.
Differentiator
Problem solved
Functional benefit
Products and services
- MIT REAP Global Program Two-year cohort-based acceleration program admitting up to eight regions annually into an intensive engagement with MIT faculty. Regional teams follow the Innovation Ecosystem Stakeholder Model with members from university, government, corporate, risk capital, and entrepreneurs. Teams develop strategies and implement programs to accelerate innovation-driven entrepreneurship in their ecosystems.
- MIT REAP Focus Program Bespoke, local-focused IDE ecosystem acceleration model that works with teams within a single region. Distinct from Global cohorts, it offers a customized timeframe and applies elements of core MIT REAP Global frameworks in an accelerated approach for regions with distinct comparative advantages.
- iECO4REAL (15.364) Innovation Ecosystems Course A practical MIT Sloan course (15.364) for students investigating the role of multi-stakeholder ecosystems supporting innovation-driven entrepreneurship from the perspective of five critical stakeholders: entrepreneurs, risk capital providers, universities, policymakers, and corporations. Open to MIT students and beyond and linked with the global MIT REAP program.
- MIT REAP Global Network (RGN) Alumni network connecting MIT REAP participants across cohorts and regions. Facilitates continued collaboration, knowledge sharing, and mentorship between regional teams spanning 80+ regions over 10+ years.
Quantifiable outcome
- Over 80 regions worldwide have been helped to strategize and execute initiatives contributing to economic growth, job creation, and social progress since 2012.
- +2 more outcomes
Companies that use MIT REAP
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles1 record
MIT REAP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature3 records
MIT REAP partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- MIT Innovation InitiativecoreMITii collaborates with all five schools at MIT to strengthen the vibrant culture and programming of innovation and principled entrepreneurship. It connects varied pathways and networks to equip the MIT community and partners to move powerful ideas from conception to impact.
- Martin Trust Center for MIT EntrepreneurshipcoreProvides expertise and support to all MIT students across all schools and disciplines. The center offers programs including Entrepreneurs in Residence, entrepreneurial curriculum, events, and the MIT delta v accelerator.
- The Legatum Center for Development and EntrepreneurshipcoreEmpowers the MIT community to accelerate social and economic progress through innovation-driven entrepreneurship. Programs support students at every stage of their entrepreneurial journey from discovery to execution.
- MIT D-LabcoreWorks with people around the world to develop and advance collaborative approaches and practical solutions to global poverty challenges through classes, research, and participatory innovation programs.
- MIT Sloan Executive EducationcoreNon-degree executive programs led by senior MIT Sloan faculty providing business professionals with targeted means to advance career development and position organizations for future growth.
- MIT International Science and Technology Initiatives (MISTI)coreWorks with MIT students, faculty, and international partners to build strong intercultural connections, advance research with global implications, and help students develop into world leaders.
- The Priscilla King Gray Public Service CenterminorHelps students connect with public service projects in local, national, and global communities. Provides guidance and funding for student projects.
- MIT Global Startup WorkshopcoreAnnual 3-day conference bringing together entrepreneurs, students, investors, and stakeholders to accelerate the entrepreneurial ecosystem of host regions through tailored workshops and keynote speakers.
- Loughborough UniversitycoreMIT REAP's university collaborator for the UK pilot initiative. Recognizes the important role universities play in enabling innovation-driven economic growth through knowledge transfer, spinout company formation, and support for entrepreneurs.
- UK Department for Business, Energy & Industrial Strategy (BEIS)coreGovernment department that supported the MIT REAP UK pilot initiative with strategic objectives including delivering the Industrial Strategy and ensuring the UK is the best place to start and grow a business.
- ONSIDE (Organization for Nova Scotia Innovation-Driven Entrepreneurship)coreNon-profit organization created to amplify the power of innovation-driven entrepreneurship and leverage MIT REAP strategies in Nova Scotia. Led the Focus Nova Scotia program following success in the Global program.
Scale indicators4 records
Recent moves10 records
Expansion highlights5 records
MIT REAP competitors and assessment
Company assessmentBroad incumbents
- Stanford Technology Ventures Program (STVP): Stanford STVP is a sister university-based entrepreneurship program that conducts research and education on technology entrepreneurship and innovation ecosystems. Directly comparable to MIT REAP as a top-tier university initiative focused on entrepreneurship education and ecosystem support, though STVP is more research-oriented while MIT REAP focuses on regional cohort-based acceleration.
- Ewing Marion Kauffman Foundation: The Kauffman Foundation is a major US philanthropy focused on entrepreneurship and education, funding ecosystem research and programs globally. Directly comparable as a funder and ecosystem builder — Kauffman is even a partner of MIT REAP for Heartland Cohort 9 — and operates overlapping ecosystem acceleration initiatives like the Kauffman Foundation Ecosystem Building work.
- Babson College Entrepreneurship Ecosystem Programs: Babson College is widely recognized as the leading US institution for entrepreneurship education, running ecosystem development programs globally. Comparable to MIT REAP as a peer institution focused on entrepreneurship education and ecosystem development, though Babson emphasizes academic degree programs while MIT REAP focuses on cohort-based regional engagements.
- World Economic Forum - Centre for the Fourth Industrial Revolution: The WEF operates global initiatives bringing together governments, corporations, and innovators to drive systemic economic transformation. Comparable to MIT REAP in convening multi-stakeholder innovation ecosystem actors globally, though WEF operates at a much broader scale and across more issue areas than MIT REAP's regional focus.
Direct peers
- Aspen Network of Development Entrepreneurs (ANDE): ANDE is a global network of organizations that promote entrepreneurship in developing countries, supporting SME acceleration and ecosystem development. Directly comparable to MIT REAP as both serve emerging-market regions with multi-stakeholder ecosystem development approaches, though ANDE operates as a member network while MIT REAP runs selective cohorts.
- Endeavor Insight: Endeavor Insight conducts research on high-impact entrepreneurs and ecosystems globally, supporting ecosystem acceleration in emerging markets. Highly comparable to MIT REAP in its focus on innovation-driven entrepreneurship ecosystems, though Endeavor emphasizes entrepreneur selection while MIT REAP focuses on multi-stakeholder regional teams.
- OECD LEED Programme (Local Economic and Employment Development): OECD LEED is an intergovernmental program supporting local economic development and entrepreneurship across OECD member countries. Comparable to MIT REAP as both focus on evidence-based frameworks for regional/local innovation and entrepreneurship development, with similar cross-country learning models.
Emerging players
- Village Capital: Village Capital is a global impact investment and accelerator organization supporting entrepreneurs solving major problems through peer-selected ventures. Comparable to MIT REAP in its focus on entrepreneurship ecosystem building and use of cohort-based models, but with a venture-level focus versus MIT REAP's regional ecosystem focus.
- Startup Genome: Startup Genome is a research and policy advisory organization focused on startup ecosystems globally, producing the Global Startup Ecosystem Report. Comparable to MIT REAP in producing evidence-based frameworks and research on innovation ecosystems, though Startup Genome is more research/data-focused while MIT REAP delivers hands-on cohort programs.
- Techstars Industries of the Future Program: Techstars runs global startup accelerators including government and corporate partnerships focused on regional innovation. Comparable to MIT REAP as a global accelerator ecosystem with multi-stakeholder approaches, though Techstars operates venture-level accelerators while MIT REAP focuses on regional team ecosystem acceleration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
MIT REAP social profiles
Digital presenceMIT REAP financial estimates
Financial estimateRevenue estimate
Valuation estimate
MIT REAP leadership team
Management profileNumber of profiles
Profiles8 records
MIT REAP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MIT REAP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MIT REAP
What does MIT REAP do?
MIT REAP (Regional Entrepreneurship Acceleration Program) is an initiative of MIT Sloan School of Management that runs the Global Program (a two-year cohort-based program admitting up to eight regions annually) and the Focus Program (a customized, bespoke IDE ecosystem acceleration model for a single region). Regional teams composed of leaders from five stakeholder groups (university, government, corporate, risk capital, and entrepreneurs) work with MIT faculty through in-person workshops and virtual sessions to design strategies and implement interventions that strengthen innovation-driven entrepreneurship in their regions.
Is MIT REAP a public or private company?
MIT REAP is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was MIT REAP founded?
MIT REAP was founded in 2012. It employs 1 to 10 people.
Where is MIT REAP based?
MIT REAP is headquartered in Cambridge, United States, in the North America region.
How does MIT REAP make money?
Two revenue lines are on record. Program Participation Support is the primary driver. The others are supporter Engagement.
Who are MIT REAP's main competitors?
Broad incumbents on record are Stanford Technology Ventures Program (STVP), Ewing Marion Kauffman Foundation, Babson College Entrepreneurship Ecosystem Programs and World Economic Forum - Centre for the Fourth Industrial Revolution. Direct peers are Aspen Network of Development Entrepreneurs (ANDE), Endeavor Insight and OECD LEED Programme (Local Economic and Employment Development). Emerging players are Village Capital, Startup Genome and Techstars Industries of the Future Program.
Does MIT REAP have an API?
No public API is recorded for MIT REAP.
What industry is MIT REAP in?
MIT REAP's product category is Entrepreneurship and Economic Development Education. Its primary akta.pro industry code is EDAHAEAH, Technical Universities with Entrepreneurship & Incubation Focus, with a secondary code of FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 813910 and its SIC code is 8742.